...Globalisation benefits everyone Academic Communication Group F Becom year 1 Globalisation benefits everyone Globalization is defined as “the development of an increasingly integrated global economy marked especially by free trade, free flow of capital, and the tapping of cheaper foreign labor markets”. (htt64) In both economical and cultural circumstances, people benefit from globalization, but to a certain extent. Globalization can help science, communication between people worldwide, free trade and better choice for consumers. Globalization however, leads to the disappearing of language, tradition, singular identity and tracks of people’s roots. Economy benefits from globalization because of the easier ways to trade and assembling products. Globalization can help industries to find and develop resources, be more eco-friendly, learn how to be competitive, create more jobs and make the prices for consumers cheaper. This happens because if an industry needs to face the world market without being protected by trading barriers, it needs to be efficient and competitive in order to survive. Big industries become generally more eco-friendly in order to have a good reputation and be self-sufficient. An example could be the Ferrero enterprise that has the “goal of sourcing 100% sustainable cocoa by 2020 and to achieve independence” (httFe). The liberty of expanding big industries freely to other countries could though destroy small businesses that can’t face competition...
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...A. Introduction Globalisation is defined as a set of social processes that embodies a transformation in the spatial organization of social relations and transactions – assessed in terms of their extensity, intensity, velocity and impact – generating transcontinental or interregional flows and networks of activity, and the exercise of power . When Stiglitz made reference to the enormous benefits that globalisation is supposed to bring, the starting point surely is the new international economic order assembled in Bretton Woods in 1947. There, the United States and Great Britain, the major economic powers of the global North, made a firm commitment to expand international trade and to establish binding rules on international economic activities....
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...Running head: GLOBALIZATION OF THE SUPPLY CHAIN Globalization of the supply chain: The benefits and vulnerabilities Table of Contents Abstract 3 Introduction 4 Bowersox Perspectives 4 Supporting Perspectives 6 Conclusion 8 References 9 Abstract This paper explores the viewpoints presented by various authors on the benefits and risks associated with globalization of the supply chain. Organizations generally enjoy the benefits of market growth and operating efficiencies as a result of engaging in global operations. The success of the organization will be predicated upon its ability to effectively mitigate the associated logistical challenges that are incumbent. Bowersox, Closs & Cooper (2010) suggests that more demanding logistics operating environments, security considerations and more complex total cost analyses are among the vulnerabilities of operating a global supply chain (GSC). This paper will examine in further detail the perspectives offered by Bowersox et al (2010) as supplemented by Helferich & Cook (2002), Gross (2010) and James (2010) which suggests that a single disruption event can have significant consequences on the global supply chain. In addition managerial implications for risk management strategies must be considered in order to preserve the supply chain. Introduction Generally speaking...
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...Do you believe that globalization brings more positive benefits or more negative consequences to the world? Do you believe that the negative consequences could be controlled? Why or why not? What do you think should be done? In my opinion, we are at the beginning stage of the globalization process; and the process itself might be well compared to the industrial revolution in its complexity, and the degree of the impact it inflicts on the societies and cultures. We well remember from our history lessons what the Industrial Revolution has done to the people of 18th, and 19th Century Americas and the Europe. In the end a great society had been built, but the price of it was rather high. Armesto, F.F. (2008) The World a Brief History. “Industrialization uprooted lives, disrupted families, and imposed bleak working conditions in cities rife with filth and disease. Visiting the British city of Manchester in 1835 , Alexis de Tocqueville, considered the greatest social analyst of his time, recoiled from factories that keep air and light out of human habitations which they dominate; they envelop them in perpetual fog here is the slave , there is the master; there is the wealth to some here the poverty of most.” Yet she wrote, “From this filthy sewer, pure gold flows.” Alexis de Tocqueville words still apply to the majority of the world’s population; since the majority lives in a perpetual poverty; poverty even greater, from the time when the globalization process picked up its...
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...Globalization Argumentative Paper Armando Montero PHL/320 5/16/2016 Todd Goodling Globalization Argumentative Paper Globalization is the tendency of businesses, technologies, or philosophies to spread throughout the world, or the process of making this happen. The global economy is sometimes referred to as a globality, characterized as a totally interconnected marketplace, unhampered by time zones or national boundaries. This term as based on business can be defined as; the process of extending to other parts of the world to develop an increasingly integrated global economy by using free trade, free flow of capital, and utilization of cheaper foreign labor markets. Globalization can be good for business because it can make operating in foreign markets more efficient. It is also beneficial because it raises a business’s profits in other parts of the world. (1, Premise) Businesses will be able to communicate more effectively and efficiently, if they are working in an open market. Globalization directly effects the administrative, economic, and geographical system that is in place with the nations in an effective way. Today’s business era is far more challenging and competitive, and although it is more difficult, globalization is still one of the most important components to the economic, administrative, and geographical sectors. It also provides effective business with the nations in an effective and...
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...Chupical Shollah Manuel Globalization as a theory, concept and ideology has roots from modernization theories. It has been advanced by industrialized nations and thereupon imposed on the developing nations. This concept is paradoxical where in one hand it is liberating and on the other it is constraining. In this paper, globalization is defined as a set of institutional and ideological relations which brings nations into a global village, fusion of cultures, and advancement of geopolitics, internationalization, increased borderless society and global market economy (Robertson, 1992; Ritzer, 2004; Wallerstein, 1974/2000; Zetlin, 2001). This essay chronicles a heated debate between supporters of globalization and those who are skeptical about it as suggested by the question that globalization benefits small nations while in sharp contrast these small developing nations find it as beneficial to developed nations. A plethora of case studies will be drawn across the globe in assessing these two contrasting views and in the conclusion a judgement will be passed based on the evidence substantiated throughout the entire essay. The assertion that “while promoters of globalization proclaim that this model is the tide that will lift all boats, while citizens movements find that it is instead lifting only yachts” means that globalization is viewed, conceived and interpreted differently by the rich and the poor countries are very sceptical. Globalization is not different from other theories...
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...Globalization Macroeconomics December 9, 2013 Lloyd Ruffle Globalization Globalization is a process of communication and integration between different parts of the world. Motivated by international trade and investment and supported by information technology this process has effects on political activities, economic development, the environment, culture, and human physical well-being (What is Globalization, 2013). Technology developments are conceived as a main driving force of most of the globalization process. As people, thoughts, information, and goods shift effortlessly around the world, the familiarity of people around the world become more alike. The Effect of Globalization As a parent globalization of education through technology is being promoted worldwide on a daily basis in our school system. With the use of technology in countries like North Africa and Asia, it is expected to make the education opportunities better for the students. It is leading to improve economies and more opportunities for students. In a classroom in one of those countries they are able to expose the students to international resources, worthwhile educational resources, which many students all over the world don’t have access to. Children in Indonesia for example are able to see the museum in London via technology, exposing them to many cultures and daily living. Globalization affects me as a consumer. The toys I bought my daughter for Christmas are all made in locations...
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...Globalization Benefits Careers Introduction Nowadays with the developing of technology, people become more and more closely. The activity of people work together in different country is a globalization. Globalization refers to the trend toward countries joining together economically, through education, society and politics, and viewing themselves not only through their national identity but also as part of the world as a whole. Globalization is said to bring people of all nations closer together, especially through a common medium like the economy or the Internet. it is core opinion is make people live as one city. In our world, there are few places a person can’t get to within a day of travel, and few people a person can’t reach via telephone or Internet. Because of modern modes of travel and communication, citizens of a nation are more conscious of the world at large and may be influenced by other cultures in a variety of ways. Time and space matter less, and even language barriers are being overcome as people all over the world communicate through trade, social Internet forums, various media sources, and a variety of other ways. The reason why our world becomes a globalization is that natural resource as the basic elements of the development pattern is shortage and ecological destruction. So human beings in order to maintain their own survival, they seek global cooperation. People want to get more resource to get more profit from other country and they change their...
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...Introduction Globalization is a very integrated and comprehensive topic that is in constant evolution. Scholars have stepped in to conduct studies and researches in relation to globalization so to shed light essential in comprehension. The impact of globalization is a motion that is endless. The supporters argue that globalization has brought economic prosperity in the world in many ways while opponents associate most of the adverse effects with globalization. This paper will outline the impact of globalization in the context with the international business. The information will be useful as it will highlight the issues that are closely related to globalization and identify the existing gaps. A valid conclusion will be drawn with the recommendation that should be considered in future researches as far as international business is concerned. Technology and policies will be referenced in the explanation of how financial flows, foreign direct investment and the international trade liberalization have evolved. The discussion will therefore be based on how the changes that have been brought by globalization have influenced international business in various ways. Trade The world trade is on rapid expansion when compared to the gross domestic product. This has been manifested over the past two decades when the globalization was rampant. However while the impact of globalization was meant to bring more economic prosperity by increasing the competition of the products in the global...
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...Globalization Argumentative Josh Knight Critical Thinking and Decision Making In Business/PHL320 May 4th, 2015 JOSE RODRIGUEZ Globalization Argumentative Many people would say that greed from large companies, as well as the exploitation of labor, can be associated with globalization. (1 Premise) However, many good things have come from globalization. A great example would be that of a global economy. A lot of Americans do not see the benefits or appreciate how efficient our markets are regarding supply and demand. The more efficient the market, they more growing it does. A global market that grows can have a domino effect on other markets associated with it and can encourage them to develop as well. The success of one market can be felt around the world. Globalization Benefits Globalization does many things that are hard to argue. (2 Premise) Creating jobs that are crucial for economic success, no matter the market. Along with creating jobs, globalization helps the better the infrastructures of communities, cities, and countries allowing people to live a better quality of life. Things associated with a better quality of life would be, better health care, medicine, clean water, foods and housing. What may seem like simple things to us, we often are taking them for granted. Creating a better bond between countries is also a direct result of globalization. Having a better relationships with other countries can create allies that can create economic...
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...Survey and Results Globalization refers to the integration of political polices, world cultures, social movements and financial markets on a global scale through the collaboration and exchange of ideas (Schaefer, 2006). The survey focuses on how globalization affects the study participants in work roles, cultures, the environment, and the economy. The research administrators proctor the survey to adult participants only. For the purposes of this survey the research team defines an adults as an individual of 18 years of age or older at the beginning of the survey. Globalization Survey The survey administrator conducted the survey by soliciting family member, co-workers, and friends meeting the participant criteria. The survey began with verifying each participant meets the age requirement and then proceeded to reading the University of Phoenix disclaimer and consent form. The total number of survey participants included 20 individuals. The age and gender ranges of the participants included 12 men and eight women aged 21 to 52 years of age. The following information represent the survey questions presented to the participants. Questions 1. What is your age? Total Responses to this Question: 20 2. Has globalization affected your personal relationships? Yes =1 Somewhat= 2 No= 6 Total Responses to this Question: 20 3. Have globalization affect your job? Yes =1 Somewhat= 2 No= 6 Total Responses to this Question: 18 4. Does globalization affect your social...
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...Is Globalization bad or good? We are stepping into a whole new time of globalization in many aspects. Countries and countries are associated with each other, from cultures, economy, and policy, etc. A big melting pot of different cultures is right on the stove, it is actually exposing many effects to various aspects and areas. Under the new social background with mixed cultures, things always have two opposite ways, good or bad. Some arguments point out that globalization could be the cause of some serious problems like war, terrorism, and immoral business activities. Countries lose their unique identities and less country power as a whole party. However, other evidences prove that without globalization, the world would never change. The result is actually pushing the whole world forward for further development, gathering all creation and benefits together, and is even beneficial for emphasizing countries own identities from many others. Globalization is the process of migration; capital flows, spreading of cultures, technology and food spreading throughout the world. It is happening everyday, everywhere in the world. I, as an international student comes from China and attending my university in United Stated, I bring the money to US, come with my own Chinese culture background and personal identities, my language, and living styles as an Asian. I think I have finally fallen into a part of cultural globalization, exchanging or sharing my culture with American friends, I benefits...
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...The Benefit of Globalization during the 1990’s According to the interview, people believes that globalization will eventually bring benefit to a country, whether that developing country is a poor or rich country. One of the benefits from globalization is that people believes it will improve the standard of living in a country. Furthermore, people also believes that globalization will be able to unite the world together. The advocates believe that economic and financial market integration will help create a greater economic stability. In addition, globalization could also help the developing country’s medical field. It has the potential to help produce and provide better medicine in a more effective and efficient manner to the people that needed it. Other than that, it also believes that due to globalization, trade barrier will be reduce in the existing market. When trade barriers been skim down, it will lead to increase in trade between the developing countries and other countries. These international trades will eventually lead to a greater growth that will bring benefit to the country. Last but not least, globalization are also expected to help in terms of economies of scale by lowering the transportation cost, communication cost and other cost by coming out with the solution of hiring foreign labors such as expatriates that will help the productivity to be more effective and efficient. 2. The Factors of Failed in Obtaining Started Benefits As good as globalization sounds...
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...Foudy 8/19/15 Does Globalization help or hurt the average American Worker? Our grasp on what globalization exactly is, is shaky at best. Whether globalization means convergence, exploitation, or harmonization depends on a range of perspectives, each being impacted differently by a trend of increasing movement and connectedness. In examining whether globalization is beneficial for the average worker in the U.S., we must first define the parameters of our argument. A benefit or detriment to an average worker in the U.S. will be broadly measured by the impact a decision or change has on the U.S. labor force as a whole. Benefits to consumers should also be reflective of benefits to workers as they can be considered the same entity but merely performing different economic roles. A benefit will be defined as any improvement or increase in factors that positively affect one’s standard of living such as disposable income, wages, wealth, or access to goods and services. Within a strict macroeconomic examination of globalization, we can identify three main trends that characterize globalization: increasing movement of goods internationally, re-distribution of labor and capital, and an interconnectedness of policy decisions and economic consequences. Trends of increasing globalization also observe greater degrees of trade and interaction between foreign and domestic firms. Trade, as a major component of increasing globalization, provides significant benefits for the U.S. worker and...
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...development of Internet, transportation and closer relationship between countries, nowadays we heard of “globalization” more frequently in the daily life. Different countries and the people from different places have more connection and communication with each other than before. This is a human social phenomenon. In this big world stage, more relation not only means more opportunities, but also more competition. To research the advantages and disadvantages of globalization can help to catch the chance and avoid the risk and maintain a momentum of healthy development. I will briefly talk about what is globalization and its effects to different areas at the beginning. Furthermore, the advantages and disadvantages will be presented to show how these factors influence the developed and developing country respectively. II. What is globalization? The globalization is just a concept which generally means an increase of global connections, the human life based on the global scale and an increase of global consciousness. The politics and economic trade rely on each other. The globalization can be recognized as the integration of the world. Actually, Globalization is not a new phenomenon, which not happened in recent years. In ancient time, China exported tea and silk to Europe. That the west Europe started colonial times can be considered as the beginning of the globalization. It began at the end of the nineteenth century, but it slowed down during the period from the start of the...
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